ING Direct 2009 Annual Report Download - page 129
Download and view the complete annual report
Please find page 129 of the 2009 ING Direct annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
-
265
-
266
-
267
-
268
-
269
-
270
-
271
-
272
-
273
-
274
-
275
-
276
-
277
-
278
-
279
-
280
-
281
-
282
-
283
-
284
-
285
-
286
-
287
-
288
-
289
-
290
-
291
-
292
-
293
-
294
-
295
-
296
-
297
-
298
-
299
-
300
-
301
-
302
-
303
-
304
-
305
-
306
-
307
-
308
-
309
-
310
-
311
-
312
 |
 |
Liabilities held for sale
2009 2008
Insurance and investments contracts 191 14,294
Amounts due to banks 31
Customer deposits and other funds on deposit 4,480
Financial liabilities at fair value through profit and loss 36 126
Other liabilities 152 600
4,890 15,020
Cumulative other comprehensive income includes EUR 13 million (2008: EUR 94 million) related to Assets held for sale.
12 OTHER ASSETS
Other assets by type
2009 2008
Reinsurance and insurance receivables 2 ,125 3,683
Deferred tax assets 3,969 8,034
Property held for sale 2,515 3,143
Income tax receivable 836 776
Accrued interest and rents 18,306 20,156
Other accrued assets 1,635 1,758
Pension assets 3,143 1,781
Other receivables 6,700 8,334
39,229 47,665
Disclosures in respect of deferred tax assets and pension assets are provided in Note 21 ‘Other liabilities’.
Accrued interest and rents includes EUR 6,956 million (2008: EUR 7,980 million) accrued interest on assets measured at amortised
cost under the IAS 39 classification Loans and receivables.
The total amount of borrowing costs relating to Property held for sale, capitalised in 2009 is EUR 98 million (2008: EUR 115 million).
Reinsurance and insurance receivables
2009 2008
Receivables on account of direct insurance from:
– policyholders 1,443 2,750
– intermediaries 113 191
Reinsurance receivables 569 742
2,125 3,683
Property held for sale
2009 2008
Property developed for sale 917 640
Property obtained from foreclosures 160 91
Property under development 1,438 2,412
2,515 3,143
Gross carrying amount as at 31 December 3,228 3,276
Accumulated impairments as at 31 December –713 –133
Net book value 2,515 3,143
2.1 Consolidated annual accounts
ING Group Annual Report 2009 127
Notes to the consolidated balance sheet of ING Group (continued)